banner_ad

GST Audit for Fy.2017-18 audit completed in June 2024 are we liable to pay RCM for this financial

RCM 450 views 1 replies

GST Audit for Fy.2017-18 audit completed in June 2024 are we liable to pay RCM for this financial

Replies (1)

Based on the information provided, it seems that the GST audit for FY 2017-18 was completed in June 2024. Regarding the liability to pay Reverse Charge Mechanism (RCM) for this financial year: 1. RCM applicability: Check if RCM was applicable for the specific services or goods received during FY 2017-18. 2. Audit findings: Review the audit findings to determine if any RCM-related liabilities were identified. 3. Statute of limitations: Consider the statute of limitations for GST assessments, which is generally 3-5 years from the end of the financial year. Since the audit was completed in June 2024, the statute of limitations may have expired for FY 2017-18. 4. Consult a tax professional: It is recommended to consult a tax professional or GST expert to: a. Confirm the applicability of RCM for FY 2017-18. b. Review the audit findings and determine if any RCM-related liabilities were identified. c. Assess the impact of the statute of limitations on potential RCM liabilities. d. Ensure compliance with GST regulations and address any potential liabilities or penalties. Please note that GST laws and regulations are subject to change, and this response is based on general information. A tax professional or GST


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details